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Does it even need to be studied that heavily? What is India and China trying to do? They have massive billion people populations that are poor. Lift them into a

Does it even need to be studied that heavily? What is India and China trying to do? They have massive billion people populations that are poor. Lift them into a lower middle class, voila, you have unmatched consuming class. We’re going to lose this fight to these countries because our country cannot for a second think outside of squeezing the living hell out of a stagnantly growing 350 million person population. That’s why they squeeze you on home mortgages, rent, cars, salary, everything. They are squeezing because they see no fucking growth and that’s all these people understand. If the population isn’t scaling horizontally, they have no other creative ideas. It is unimaginable to them that an enriched 350 million Americans is as potent as a billion person population. We will actually go to your stupid diner and drop 50+ every week. Why are these people so fucking scared?

gruez 5y ago
>Does it even need to be studied that heavily? What is India and China trying to do? And how did they achieve it? By paying workers luxurious wages? The whole reason they're successful was that they industrialized and offered labor cheaper than the west, and the west outsourced labor to them. "Henry Ford, capitalist extraordinaire, famously paid his workers $5 a day, double the average automaker's wage at the time" has nothing to do with that's happening there.
- crate_barre 5y ago
  Again, it’s how you see it. They brought jobs at mass scale there. We on the other hand, ship jobs out at mass scale, AND squeeze the people that are here. You can’t get away with both.